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Permian Basin Oil and Gas Magazine

PBOG is the Official Publication of the Permian Basin Petroleum Association and is published monthly by Zachry Publications, LP.

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Railroad Commission inspecting disposal wells after earthquakes, shut-in 2 wells

August 2, 2024 by PBOG

Railroad Commission of Texas said July 26 it is inspecting saltwater disposal wells within 2.5 miles of a series of earthquakes in recent days in the Camp Springs area near the county line of Scurry and Fisher in west Texas.  And this week the commission told the Midland Reporter Telegram it “shut-in two deep disposal […]

Filed Under: PBOG Newsletter

Vital Energy, Northern acquire Point Energy Partners assets in Ward County

August 2, 2024 by PBOG

Tulsa-based Vital Energy and Northern Oil and Gas said Sunday they are acquiring assets of Point Energy Partners, portfolio company of Vortus Investments.  The all-cash deal of $1.1 billion will increase Vital Energy’s position in Delaware Basin by 25 percent to 84,000 net acres.  Vital Energy will own 80 percent of the assets with Northern […]

Filed Under: PBOG Newsletter

Permian People – August 2024

August 2, 2024 by PBOG

Hirings, promotions, and other personnel matters in the nation’s biggest oil patch—or in companies who do business here. Kimmeridge, an alternative asset manager focused on the energy sector, announced June 25 that its affiliate, Kimmeridge Texas Gas, has appointed David Lawler as chief executive officer. Lawler will advance KTG’s efforts to become a fully integrated […]

Filed Under: People, Permian People

Danos Wins Major Contract in the Permian Basin

August 1, 2024 by PBOG

Danos, a provider of integrated services to the energy industry, announced in June a production contract with a pioneer in sustainable water management solutions. Through a contract that began in March, they will oversee approximately 60 of the midstream company’s water management facilities. Danos is deploying a team of 21 production operators to support 12 […]

Filed Under: Drilling Deeper

RRC Commissioner Calls for End of American LNG Ban

August 1, 2024 by PBOG

Following recent reports that the Biden Administration’s federal moratorium on new liquified natural gas (LNG) export plants is prohibiting Ukraine from purchasing American LNG, Railroad Commissioner Wayne Christian slammed the administration’s policy and called on the president to rescind the ban. “This politically motivated ban is doing more than simply costing America economic activity—it’s jeopardizing our European […]

Filed Under: Drilling Deeper

OPW Divides Business Units

August 1, 2024 by PBOG

OPW, a Dover company involved in the development of fluid-handling solutions, announced June 3 that its Clean Energy Solutions business unit will be divided into two distinct business units: the existing Clean Energy Solutions (CES) unit, which will feature technologies from both the ACME Cryogenics and RegO Products brands and focus on the cryogenics, hydrogen, […]

Filed Under: Drilling Deeper

BLM Completes Sale of Federal Helium System

August 1, 2024 by PBOG

BLM

The Bureau of Land Management on June 27 closed on the sale of the Federal Helium System, fulfilling one of BLM’s primary responsibilities under the Helium Stewardship Act of 2013. BLM will continue working with the new owner, Messer, during a 45-day hand-off period to support a smooth transition from federal to private ownership. The Helium […]

Filed Under: Drilling Deeper

Industry Group Applauds Court Halt of LNG Pause

August 1, 2024 by PBOG

A federal court on July 2 sided with 16 states to lift the Administration’s pause on new permit approvals for LNG exports.  Judge James Cain of the Western District of Louisiana ruled that the DOE has failed to justify why it needed to pause approvals to review the process by which it permits projects. Energy […]

Filed Under: Drilling Deeper

Manufacturer Completes Alloy Tubulars Facility

August 1, 2024 by PBOG

Corrosion Resistant Alloys (CRA), a “just-in-time” manufacturer of corrosion-resistant alloy tubulars, announced the completion of construction at its state-of-the-art manufacturing facility in Brenham, Texas. The newly completed facility is designed to expand manufacturing capabilities and capacity, streamline processes, and respond to the dynamic needs of the industry and energy sectors. CRA states that this facility […]

Filed Under: PBOG Newsletter

RRC Expands Info in O&G Monitoring Plan

August 1, 2024 by PBOG

Texas Railroad Commissioners have approved the agency’s Fiscal Year 2025 Oil and Gas Monitoring and Enforcement Plan, which includes added information to provide the public further insight on the agency’s work to protect the environment and Texans. The annual plans define the RRC’s strategic priorities for monitoring oil and gas activities and enforcing regulations across […]

Filed Under: Drilling Deeper

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